Masterarbeit, 2007
96 Seiten, Note: A
This dissertation investigates the spatial retail price integration of maize markets in Ogun State, Nigeria. The study aims to analyze the dynamism of price movements between different markets and assess the implications for pricing efficiency. It seeks to identify factors influencing price integration and potential constraints hindering perfect market integration.
Chapter 1: Introduction introduces the study, outlining its background, objectives, and significance. It defines the problem of maize market integration and highlights the importance of understanding price dynamics.
Chapter 2: Literature Review examines existing research on maize markets, price integration, and related economic concepts. It provides a theoretical framework for the study.
Chapter 3: Materials and Methods details the research methodology, including the study area, sampling techniques, data collection methods, and statistical analysis used.
Chapter 4: Results and Discussion presents the findings of the study, analyzing price integration across different zones in Ogun State. It examines the cointegration and causality relationships between maize prices in various markets, discusses market characteristics, and identifies constraints to perfect market integration. This chapter analyzes the data collected and discusses the results in relation to the research questions.
Maize markets, price integration, spatial price analysis, Ogun State, Nigeria, market efficiency, cointegration, Granger causality, market segmentation, price transmission, post-harvest services, market information.
The study uses Bivariate Cointegration and Granger causality tests to show that while price integration exists, its level varies across different zones like Abeokuta, Ikenne, and Ijebu-Ode.
Yellow maize yields grew significantly faster at 8.92% annually, compared to only 3.57% for white maize between 1990 and 2001.
Key constraints include poor communication of information, lack of infrastructure, and high costs of post-harvest services which hinder perfect pricing efficiency.
The study evaluates pricing efficiency to determine if market systems are competitive or if lead-lag relationships suggest market segmentation and information delays.
Ogun State has the lowest average yield in the South-West region, at approximately 1.41 metric tons per hectare.
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